Tagged: china

November 16, 2016 @ 10:06 am By Samantha Hurst  |  

Innovate Finance, an association for the global Fintech industry founded in 2014, announced on Wednesday its latest report through Pitchbook revealed over global investment for fintech has increased by 27 % to $15.2 billion to 2016’s third quarter with 839 deals in total. The organization… Read More

November 10, 2016 @ 10:51 am By Samantha Hurst  |  

Peer-to-peer lender, China Rapid Finance, announced on Wednesday its platform has exceeded one million borrowers and it facilitated 8.8 million loans in total as of October 31st. Sharing details about the new milestone, Dr. Zane Wang, CEO of China Rapid Finance, stated: “Serving more than one million borrowers is… Read More

November 9, 2016 @ 8:07 am By Xu Gao  |  

Bank of China and HSBC launched blockchain-based housing-mortgage service in Hong Kong It has been reported that Bank of China and HSBC will launch a blockchain-based housing mortgage service in Hong Kong. The new technology will certify and share the real-estate valuation information in seconds,… Read More

November 7, 2016 @ 10:02 pm By Jessica Pham  |  

BondIT  has received a strategic investment from China based Wind Information. According to BondIT, the two companies have partnered to bring artificial intelligence and machine learning techniques to wealth management. Specific terms of the deal were not revealed. The two companies intend to start in mature… Read More

November 4, 2016 @ 12:05 pm By Samantha Hurst  |  

Chinese online insurer, ZhongAn Online Property & Casualty Insurance Co., Ltd. (ZhongAn) announced on Friday the launch of its new fintech incubator, ZhongAn Information and Technology Services Co., Ltd. (ZhongAn Technology). According to the insurer, the new brand will explore technology innovation for ZhongAn along with… Read More

November 2, 2016 @ 11:28 am By Xu Gao  |  

In Response to Lending Cap Regulations, More & More Chinese P2P Platforms Start to Transfer to Financial Asset Exchanges In August, the China Banking Regulatory Commission (CBRC) issued rules for the online lending industry and set lending caps for both individual and business peer to… Read More

October 30, 2016 @ 7:48 pm By JD Alois  |  

Wangdaizhijia (or wdzj.com), an alternative finance news and data platform in China, has published two interesting reports on the state of internet finance in the largest altfi market in the world. The first document focuses on peer to peer lending. The second publication is on… Read More

October 26, 2016 @ 9:37 am By Xu Gao  |  

China Blockchain Development Forum Established in Beijing On October 18th, the China Blockchain Development Forum and first developer conference opened in Beijing. Apart from launching a white paper about blockchain technology and application, the forum is also aimed at standardizing the development process and creating… Read More

October 24, 2016 @ 10:31 pm By JD Alois  |  

CoAssets Limited (ASX: CA8), a Singapore-based crowdfunding platform and even organizer, is partnering with the Linca Group, with the support of the Fuzhou district government, to bring their EPIC series to Fuzhou, China. Entitled “One Belt, One Road – Infinite Possibilities”, the Expo in Property, Investing and… Read More

October 23, 2016 @ 6:06 pm By JD Alois  |  

The Chinese Ministry of Industry and Information Technology, along with the National Standardization Committee, Chinese Blockchain Technology and others have published a white-paper on Blockchain technology. The document has been in the works since this past August. The Bank of England stated recently that 24… Read More

October 22, 2016 @ 4:12 pm By JD Alois  |  

This is another cautionary tale in the world of rewards-based crowdfunding.  Stikbox, a cool selfie-stick that raised money on Kickstarter in January of this year is being challenged with copies from China that are pretty much the same but far less expensive. The creator has… Read More

October 21, 2016 @ 2:00 am By JD Alois  |  

2016 is the Year of Fintech in Hong Kong Hong Kong is on the growing list of countries that see Fintech as strategically important for their regional economy and global competitiveness. This past week, in a speech delivered in New York City, Hong Kong Financial… Read More

October 20, 2016 @ 4:26 am By Erin Hobey  |  

Insurance companies in Asia are facing a “labyrinth” of regulations as they increase investment in the insurtech space, particularly in areas such as telematics, biometrics and big data, according to The Insurtech Revolution: Regulatory Updates and Innovative Evolution in the Insurance Sector, a new guide… Read More

October 19, 2016 @ 11:16 am By JD Alois  |  

This past weekend, Crowdfund Insider reported that China government officials published a list of restrictions for peer to peer lenders. These were largely a rehash of previously revealed regulations directed towards internet finance and more specifically peer to peer lending. But the Chinese government is… Read More

October 18, 2016 @ 10:38 am By Xu Gao  |  

CreditEase is Confronted with Another Tuition Loan Fraud Earlier this month, Chinese p2p lending platform CreditEase was confronted with another tuition loan fraud. TOEIC English, a TOEFL training institution which launched a collaborative tuition loan product with CreditEase, was found shuttered with no reason. Students… Read More

October 17, 2016 @ 1:07 pm By Samantha Hurst  |  

On Monday, China-based fintech service platform UniFi announced it surpassed 100 million yuan (approx. US $15 million) mark since its app went live this past May. The platform is dedicated to foreign students in the U.S. and is an exclusive service of Maizi Jinfu Finacial… Read More

October 16, 2016 @ 12:00 pm By JD Alois  |  

The evolving Chinese peer to peer lending sector took another twist in the regulatory path, as the government issued a special work plan this past week. According to ECNS, the plan incorporated a list of restrictions for P2P lenders to help curb investor and borrower… Read More

October 11, 2016 @ 7:38 am By JD Alois  |  

LendIt, a global conference and events organizer established by Jason Jones, Peter Renton and Bo Brustkern, has announced a strategic partnership with AMTD Group Limited (AMTD). LendIt released the news during its annual LendIt Europe conference taking place in London today. AMTD and LendIt had previously partnered… Read More

October 10, 2016 @ 12:20 pm By Xu Gao  |  

PowerEgg Drone: Most crowdfunded campaign in the drone industry ever! Up to 30th September, 2016, PowerEgg Drone from PowerVision has raised more than ¥86.3 million (USD $12.87 million), becoming the most funded campaign on JD.com’s crowdfunding platform. The previous record belonged to Niu.com which raised… Read More

October 6, 2016 @ 6:49 am By Erin Hobey  |  

China’s outstanding P2P loans more than doubled to a record high at the end of September, according to an industry report, underscoring the challenges Chinese authorities face in regulating the exponentially growing sector. P2P loans surged 153.5 percent to 956 billion yuan ($143 billion), according to the official… Read More